I am thinking of booking a flat in supertech eco village 2 - 795 sq feet (I kinow the flat is small but that is what I can affoprd for now).
I have few questions, experts please help me -
1. Currently, as far as I know, not even a single bank is giving loan against eco villlage flats. Is this not an issue for a person buying out a flat ? My opinion is that atleast one nationalised bank should be giving out loan against a property, so that there is some security for the buyer. Am I wrong? My broker unicon says that within 1-1.5 months the banks will start giving out loans against this property so that will not be an issue, but I am very confused....pl suggest
2. Keeping in my mind that currently, no bank is giving loan against eco village flats, would it be better for me to wait or there is no issue with me going and booking the flat?
I am thinking of booking a flat in supertech eco village 2 - 795 sq feet (I kinow the flat is small but that is what I can affoprd for now).----
Even I was thinking along same lines but according to my broker developer will ask about next installment only after project becomes bankable. Of course you need to pay booking amount from your own pocket.
I also tried to understand the process of projects become bankable and I realized that it is of more interest to developers to make the project bankable otherwise they can't avail any loan on that project.
I think sooner or later all projects will become bankable.
Also, almost every broker is saying that all the flats in eco village 1 have been booked. I am wondering how can this be? there are so many flats and all the flats have been booked during pre launch itself?
I think the builder is for now spreading this news, so that he can sell them later when the prices hike a little bit? What do you think?
Eco village was launched approx a month back and last week they published 1 page add announcing 'housefull'. Now they have started booking in eco village 2.
Although I inquired with IC regarding availability in fresh booking and even they answered in negative. You may get a few in resale although at jacked up prices.
As far as I know, even for Gaur City and Amrapali for now the banks are not financing. I think BOB is acceopting the forms for GC but still they are not financing the loan - I am not sure of latest news though.